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House Prices in IP25 House Prices in IP25 (Thetford)

The average house price in IP25 (Thetford) is £276,306 using HM Land Registry data.

The average property price increased by £54,432 (28.98%) over the last 5 years and increased by £10,904 (4.29%) over the last 12 months.

Over the last year, there were 237 residential property sales – a decrease of 80 transactions (-33.76%) relative to the previous year. The majority of house sales (58) were in the £208,000 - £256,000 range. Then came properties in the £160,000 - £208,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 113 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,275 (-2%).

In January 2025, there were 73 new estate agency instructions, 41 agreed home sales and 57 property price reductions.

Nearby Postcodes: IP22, IP24, IP26, IP27, IP28, IP31, NR10, NR14, NR16, NR17, NR18, NR19, NR20, NR21, NR4, NR5, NR8, NR9, PE30, PE31, PE32, PE33, PE37, PE38

5-Year Average Property Prices in IP25 (Thetford)

28.98%

Property prices in IP25 (Thetford) increased by 28.98% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in IP25 (Thetford) Over the Last Year

4.29%

Property prices in IP25 (Thetford) increased by 4.29% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for IP25 (Thetford) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in IP25 (Thetford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in IP25 (Thetford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in IP25 (Thetford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the IP25 (Thetford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP25 postcode area since 1995.

Recent Sales in IP25 (Thetford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Donald Moore Gardens, Watton, Thetford, Norfolk, IP25 6DZ£120,000£110,000-£10,00022 Jul 202412 Dec 2024143 Days
29 Bradenham Road, Shipdham, Thetford, Norfolk, IP25 7PH£300,000£300,000£002 Jul 202412 Dec 2024163 Days
60 Millfield, Ashill, Thetford, Norfolk, IP25 7BQ£350,000£335,000-£15,00014 Jun 202406 Dec 2024175 Days
3 Church Road, Watton, Thetford, Norfolk, IP25 6DQ£210,000£207,000-£3,00004 Sep 202406 Dec 202493 Days
3 Abbey Road, Watton, Thetford, Norfolk, IP25 6PJ£280,000£280,000£030 Aug 202405 Dec 202497 Days
21 Merton Road, Watton, Thetford, Norfolk, IP25 6BD£150,000£145,000-£5,00030 Apr 202428 Nov 2024212 Days
259 Lovell Gardens, Watton, Thetford, Norfolk, IP25 6TU£210,000£210,000£015 Aug 202428 Nov 2024105 Days
16 Hamilton Close, Watton, Thetford, Norfolk, IP25 6EX£220,000£220,000£001 Jun 202422 Nov 2024174 Days
31 Jubilee Road, Watton, Thetford, Norfolk, IP25 6BJ£210,000£204,000-£6,00026 Apr 202422 Nov 2024210 Days
11 Eastgate, Shipdham, Thetford, Norfolk, IP25 7NB£190,000£180,000-£10,00003 Sep 202422 Nov 202480 Days
27 Nelson Court, Watton, Thetford, Norfolk, IP25 6EL£270,000£270,000£025 Jun 202422 Nov 2024150 Days
Mercian Cottage, Ploughboy Lane, Saham Hills, Thetford, Norfolk, IP25 7JN£350,000£347,524-£2,47629 May 202421 Nov 2024176 Days
Sunnyside, Church Street, Carbrooke, Thetford, Norfolk, IP25 6SW£350,000£340,000-£10,00002 Jan 202420 Nov 2024323 Days
Heather Croft, Swan Lane, Shipdham, Thetford, Norfolk, IP25 7NP£270,000£266,000-£4,00009 May 202412 Nov 2024187 Days
15 Jubilee Road, Watton, Thetford, Norfolk, IP25 6BJ£250,000£250,000£003 Jul 202401 Nov 2024121 Days
28 Hale Road, Bradenham, Thetford, Norfolk, IP25 7RA£350,000£345,000-£5,00020 Apr 202431 Oct 2024194 Days
42 Vicarage Walk, Watton, Thetford, Norfolk, IP25 6PH£325,000£325,000£012 Mar 202425 Oct 2024227 Days
1 Millfield, Ashill, Thetford, Norfolk, IP25 7BQ£240,000£230,000-£10,00031 May 202421 Oct 2024143 Days
24 Brandon Road, Watton, Thetford, Norfolk, IP25 6AL£150,000£141,000-£9,00025 Jul 202418 Oct 202485 Days
42 Fir Park, Ashill, Thetford, Norfolk, IP25 7DE£280,000£277,000-£3,00001 Jun 202417 Oct 2024138 Days

Most Expensive Streets in IP25 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP25 7PSLettonThetford£678,7504
IP25 7EXRichmond Road, Saham ToneyThetford£617,0836
IP25 6SBDereham Road, OvingtonThetford£606,6663
IP25 6LZThe Arms, Little CressinghamThetford£601,2504
IP25 7QUSchool Road, BradenhamThetford£551,4005
IP25 6USChurch View Close, GristonThetford£543,0005
IP25 6DSSt Marys Close, WattonThetford£537,5004
IP25 6TEBroadmoor Road, CarbrookeThetford£536,6663
IP25 6YRMeadow Lane, CarbrookeThetford£534,8005
IP25 7HQSpringfield Villas, Saham ToneyThetford£524,3336

Least Expensive Streets in IP25 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP25 6HHManor Park, WattonThetford£107,8754
IP25 6XTGoddards Court, WattonThetford£116,2504
IP25 6URBowes Close, WattonThetford£130,0005
IP25 6TYLovell Gardens, WattonThetford£136,6745
IP25 6GWLancaster Avenue, WattonThetford£137,43514
IP25 6DZDonald Moore Gardens, WattonThetford£139,8889
IP25 6JWHendon Avenue, WattonThetford£143,2254
IP25 6JRCardington Road, WattonThetford£144,6663
IP25 6JSBoscombe Road, WattonThetford£148,7504
IP25 6WEFinch Drive, WattonThetford£149,29417

Explore IP25 (Thetford) using map

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